Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)
Tradeweb Markets (TW) recorded quarterly Share-based Compensation of $25.1 million in Q1 2026, down 11.46% quarter-over-quarter from $28.3 million in Q4 2025, and up 12.95% on a YoY basis from $22.2 million in Q1 2025.
Tradeweb Markets (TW) Share-based Compensation (2018 - 2026) Analysis & Trends
Tradeweb Markets' Share-based Compensation history runs 9 years deep, the most recent figure standing at $25.1 million for Q1 2026.
- In Q1 2026, Share-based Compensation rose 12.95% year-over-year to $25.1 million; the TTM figure through Mar 2026 stood at $106.4 million (up 11.5% YoY), while the FY2025 annual figure was $103.5 million, up 15.49% from the prior year.
- Share-based Compensation was $25.1 million for Q1 2026 at Tradeweb Markets, down from $28.3 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $28.3 million in Q4 2025 to a low of $11.6 million in Q1 2023.
- Historically, Share-based Compensation has averaged $20.6 million across 5 years, with a median of $21.0 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Share-based Compensation jumped 68.96% in 2022, then decreased 25.04% in 2023.
- A 5-year view of Share-based Compensation shows it stood at $17.2 million in 2022, then gained by 18.86% to $20.5 million in 2023, then climbed by 14.2% to $23.4 million in 2024, then grew by 21.15% to $28.3 million in 2025, then dropped by 11.46% to $25.1 million in 2026.
- The last three Share-based Compensation figures came in at $25.1 million (Q1 2026), $28.3 million (Q4 2025), and $26.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 571.00 Mn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 2.53 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 138.00 Mn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 92.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 33.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 23.06 Mn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 25.06 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 31.49 Mn |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 51.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.06 Mn |
| Mar 31, 2026 | 25.06 Mn |
| Dec 31, 2025 | 28.31 Mn |
| Dec 31, 2025 | 28.31 Mn |
| Sep 30, 2025 | 26.14 Mn |
| Sep 30, 2025 | 26.14 Mn |
| Jun 30, 2025 | 26.91 Mn |
| Jun 30, 2025 | 26.91 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Mar 31, 2025 | 22.19 Mn |
| Dec 31, 2024 | 23.36 Mn |
| Dec 31, 2024 | 23.36 Mn |
| Sep 30, 2024 | 26.17 Mn |
| Sep 30, 2024 | 26.17 Mn |
| Jun 30, 2024 | 23.72 Mn |
| Jun 30, 2024 | 23.72 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Mar 31, 2024 | 16.40 Mn |
| Dec 31, 2023 | 20.46 Mn |
| Dec 31, 2023 | 20.46 Mn |